Tuesday 7 October 2008

Buy Infosys, target of Rs 2000: Karvy

Karvy Stock Broking has maintained its buy rating on Infosys Technologies with a target of Rs 2000 in its October 7, 2008 research report. "Infosys for Q2FY09 is likely to report a sequential revenue growth of 8.6%, with revenues from offshore likely to grow by 9.7% and the fixed price projects revenues would continue to grow at a faster clip. We expect its net profit to increase by 8.2% sequentially, which on a YoY basis work out to 28.1%. At the current price we continue with our Buy rating with a price target of Rs 2000," says Karvy Stock Broking's research report.

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Source: MoneyControl

Posted by Harsh at 01:35

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